Kris upgrades CRISIL rating

The rating action involves a total bank loan facility of INR 141 crore, reflecting Kris Flexipacks' financial performance and growth initiatives. As per a statement shared with WhatPackaging? magazine, "The upgrade to CRISIL A and the stable outlook are testament to the company's resilience and ability to navigate the dynamic market landscape effectively."

Shailesh Sheth, the chairman and managing director of Kris Flexipacks said, "We are proud of this achievement and the recognition from CRISIL. This upgrade to CRISIL A; and the stable outlook reflects our unwavering commitment to financial discipline, innovation, and excellence in the flexible packaging industry." He added, "At Kris Flexipacks, we strive to deliver superior value to our clients through our cutting-edge packaging solutions and dedicated customer service. This milestone is a testament to the hard work and dedication of our entire team, and we look forward to continuing our journey of growth and innovation"

Since its inception, Kris Flexipacks has been at the forefront of innovation in the flexible packaging industry in South Asia. This includes a diverse product portfolio that includes shrink sleeves, BOPP Wal, stretch sleeves, laminate pouches and rolls, hygiene packaging, general flexibles, and garment packaging. Kris serves a wide array of industries, including dairy, food and beverages, pharmaceuticals, personal and home care, health and beauty, etc.

Kris Flexipacks has played a crucual role in the growth of the flexible packaging industry in South Asia. Specialising in creating customised and innovative flexible packaging solutions, the company collaborates closely with Fortune 500 companies, direct-to-consumer brands, and eCommerce businesses to add value through shorter lead times, quality assurance, and responsiveness.